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Posts: 255
Joined: Aug 2020
Male, MYS
18 Jul 2023, 12:03 PMPost #21

Over the past 12 years L&G achieved an average ROE of 9%. In comparison, the average ROE of the large Bursa Property companies (those with SHF > RM b) had ROE that ranged from 1% to 22% with an average of 7%. You should dig further into L&G if you are interested to consider this from a fundamental perspective. Of course there are other metrics to look at than just the ROE. For example, I would consider gross profitability (gross profits/total assets) as can be seen from the chart below taken from Will the Malaysian Property industry turn around by 2024?

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